Monthly Economic Review October 2016

Posted on Monday 3rd October, 2016 by

Monthly Economic Review October 2016

UK economic growth revised up to 0.7%…
The third official estimate of economic growth (GDP) revealed that the UK economy grew by 0.7% (see Chart 1) in Q2 2016, up from the previous estimate of 0.6%. The upward revision was mainly driven by service sector output rising by 0.6% in Q2, up from the previous estimate of 0.5%. Business investment grew by 1.0% in Q2, double the previous estimate of 0.5%. Q2 GDP growth in annual terms was revised down from 2.2% to 2.1%. Overall, the latest GDP figures confirms that the UK economy grew at a good pace in the run-up to the EU referendum…

To Read More Click Here:

BCC Monthly Economic Review October 2016

Comments are closed.